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Income Statement
Quarterly Data
Difficulty: Beginner
The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Biogen Inc., Consolidated Income Statement (quarterly data)
USD $ in thousands
| Item | Description | The company |
|---|---|---|
| Revenues | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Biogen Inc.'s revenues increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018 not reaching Q3 2017 level. |
| Income from operations | The net result for the period of deducting operating expenses from operating revenues. | Biogen Inc.'s income from operations declined from Q3 2017 to Q4 2017 but then slightly increased from Q4 2017 to Q1 2018. |
| Income before income tax expense and equity in loss of investee, net of tax | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Biogen Inc.'s income before income tax expense and equity in loss of investee, net of tax declined from Q3 2017 to Q4 2017 but then slightly increased from Q4 2017 to Q1 2018. |
| Net income | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Biogen Inc.'s net income declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 not reaching Q3 2017 level. |
| Net income attributable to Biogen Inc. | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Biogen Inc.'s net income attributable to Biogen Inc. declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 not reaching Q3 2017 level. |
